February 2013 Archives

Despite a greater than expected drop in applications for unemployment benefits, the markets closed lower with the Dow losing 20 points to 14,054 as economic expansion slowed. Nasdaq slipped 2 points to 3160.

On the upside

Wireless Ronin Technologies (Nasdaq: RNIN) partnered with Samsung to offer a revolutionary digital marketing solution with vivid, engaging and dynamic content.


Stifel Nicolaus upgraded CommonWealth REIT (NYSE: CWH) from a Sell rating to a Hold rating.


MGIC Investment (NYSE: MTG) widened fourth quarter losses but revenue surpassed analyst expectations.


On the downside


NII Holdings (Nasdaq: NIHD) fell to a loss due to a significant charge.


Cal Dive International (NYSE: DVR) widened losses for the fourth quarter.


Motley Fool wrote that RadioShack (NYSE: RSH) was not investment worthy.

  

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE and while decliners outpaced advancers by a slim margin on Nasdaq. The broader S&P 500 index eased a point to 1514.

The markets traded near the flatline during the midday with the Dow gaining 11 points to 14,086 as expansion of the nation's economy slowed in the fourth quarter. Nasdaq rose 8 points to 3170.

On the upside

Universal Display (Nasdaq: PANL) reported flat fourth quarter earnings but revenue surged to surpass analyst expectations.


Fourth quarter earnings rose for Monster Beverage (Nasdaq: MNST) as revenue climbed.


Barnes & Noble (NYSE: BKS) fell to a third quarter loss but optimism that company founder and chairman Leonard Riggio will buy the retail stores lifted shares of the book seller.


On the downside


Procera Networks (Nasdaq: PKT) reported lower fourth quarter earnings that missed expectations and forecast 2013 revenue below estimates.


Cablevision Systems (NYSE: CVC) reported higher fourth quarter earnings due to a legal settlement but the company lost customers and recorded $100 million in costs due to Superstorm Sandy.


Vocera Communications (NYSE: VCRA) swung to a profit for the fourth quarter but the company forecast current quarter results that fell short of expectations.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by 10 to 9 on Nasdaq. The broader S&P 500 index rose 2 points to 1518.

Higher Open On Drop In Jobless Claims

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A larger than expected drop in jobless claims lifted the markets to a modestly higher open with the Dow rising 9 points to 14,084. Nasdaq gained 13 points to 3175.

On the upside

Shares of Zogenix (Nasdaq: ZGNX) continued rising on optimism that the company's pain medication Zohydro would be approved by the Food and Drug Administration.


Boulder Brands (Nasdaq: BDBD) impressed with fourth quarter earnings that doubled to top analyst estimates prompting the company to lift its 2013 guidance.


Assured Guaranty (NYSE: AGO) reversed year ago losses to post to better than expected profit for the fourth quarter.


On the downside


Groupon (Nasdaq: GRPN) disappointed with an unexpected loss for the fourth quarter and forecast current quarter revenue below analyst estimates prompting downgrades.


J.C. Penney (NYSE: JCP) widened fourth quarter losses more than expected as revenue tumbled.


BroadSoft (Nasdaq: BSFT) reported lower fourth quarter earnings and forecast current quarter revenue that fell short of expectations.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 7 on both the NYSE and on Nasdaq. The broader S&P 500 index added 2 points to 1518.

The markets closed sharply higher with the Dow leaping 175 points to 14,075 after Federal Reserve Chairman Ben Bernanke affirmed the Fed's commitment to its policy of quantitative easing. Nasdaq soared 32 points to 3162.

On the upside

Craig-Hallum lifted its price target on Uni-Pixel (Nasdaq: UNXL) from $24 to $31.


Meru Networks (Nasdaq: MERU) priced its public offering of 3 million common shares at $4.00 per share.


Xinyuan Real Estate (NYSE: XIN) reported higher fourth quarter earnings as revenue climbed.


On the downside


CombiMatrix (Nasdaq: CBMX) widened fourth quarter losses.


Shares of BroadSoft (Nasdaq: BSFT) fell ahead of its earnings release after market close.


A Seeking Alpha contributor alleged that Silvercorp Metals (NYSE: SVM) issued an inaccurate fiscal 2013 operating cash flow outlook.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index soared 19 points to 1515.

Pending home sales climbed 4.5% in January to boost the markets during the midday with the Dow soaring 112 points to 14,013. Nasdaq climbed 33 points to 3163.

On the upside

Guidewire Software (NYSE: GWRE) reported higher second quarter earnings as revenue climbed.


Optimer Pharmaceuticals (Nasdaq: OPTR) will review strategic options including the possible sale of the company.


Mako Surgical (Nasdaq: MAKO) posted a loss for the fourth quarter but the stock price advanced.


On the downside


CommonWealth REIT (NYSE: CWH) will commence its offering of common stock even as investors Corvex Management and Related Fund Management opposed the offering.


Goldman Sachs downgraded Graftech International (NYSE: GTI) to a Sell rating.


Carter's (NYSE: CRI) reported sharply higher fourth quarter earnings but the branded children's apparel and products company forecast disappointing current quarter sales.

  

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index climbed 14 points to 1510.

An increase in pending home sales lifted the markets to a higher open with the Dow gaining 56 points to 13,957. Nasdaq rose 10 points to 3140.

On the upside

Coach (NYSE: COH) hired former Nike global creative director Zach Augustine to revamp its stores.


Dollar Tree (Nasdaq: DLTR) reported higher fourth quarter earnings that topped analyst estimates.


The Food and Drug Administration may delay its decision on Zogenix's (Nasdaq: ZGNX) pure hydrocone pain treatment Zohydro but the pharmaceutical remained confident of approval.


On the downside


First Solar (Nasdaq: FSLR) swung to a profit for the fourth quarter but revenue fell short of expectations and the company forecast current quarter earnings and revenue below estimates.


Accretive Health (NYSE: AH) delayed the release of its fourth quarter and full year financial results.


Cincinnati Bell (NYSE: CBB) reported a greater than expected loss for the fourth quarter and forecast 2013 revenue below expectations.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index climbed 6 points to 1503.

December home prices climbed more than expected to boost the markets to a sharply higher close with the Dow soaring 115 points to 13,900. Nasdaq gained 13 points to 3129.

On the upside

Fourth quarter earnings more than doubled for U.S. Silica Holdings (NYSE: SLCA) to top analyst estimates as revenue surged.


Cracker Barrel (Nasdaq: CBRL) reported higher second quarter earnings that surpassed analyst expectations prompting the restaurant chain to lift its full year earnings outlook.


Ebix (Nasdaq: EBIX) will attend an analyst call hosted by Craig-Hallum Capital Group to discuss allegations made in a blog that the company reported inaccurate financial data.


On the downside


A Seeking Alpha contributor wrote that Boulder Brands (Nasdaq: BDBD) was overvalued and would plunge by up to 70%.


Halozyme Therapeutics (Nasdaq: HALO) narrowed fourth quarter losses but affirmed that the company expects cash burn between $45 million and $50 million in 2013.


A Seeking Alpha contributor questioned the development and testing of Peregrine Pharmaceuticals' (Nasdaq: PPHM) cancer treatment bavituximab.

  

In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 index climbed 9 points to 1496.

Consumer confidence rose more than expected in February to lift the markets during the midday with the Dow gaining 56 points to 13,840. Nasdaq slipped a point to 3114.

On the upside

The Food and Drug Administration granted Fast Track designation to MediciNova's (Nasdaq: MNOV) MN-166 to treat methamphetamine dependence.


TPG will take Assisted Living Concepts (NYSE: ALC) private for a premium of $12 per share.


A surge in January new home sales lifted shares of Hovnanian Enterprises (NYSE: HOV), PulteGroup (NYSE: PHM) and Standard Pacific (NYSE: SPF).


On the downside


Vivus (Nasdaq: VVUS) widened fourth quarter losses more than expected on disappointing sales of its recently approved obesity treatment Qsymia.


Titan International (NYSE: TWI) fell to an unexpected loss for the fourth quarter as revenue missed analyst estimates.

  

Trina Solar (NYSE: TSL) widened losses as revenue tumbled.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index eased a point to 1485.

The markets opened higher with the Dow climbing 88 points to 13,872 as Federal Reserve Chairman Ben Bernanke indicated that the Fed's policy of low interest rates would continue. Nasdaq rose 7 points to 3124.

On the upside

Corvex Management and Related Fund Management acquired a 9.8% stake in CommonWealth (NYSE: CWH).


Home Depot (NYSE: HD) reported sharply higher fourth quarter earnings that beat analyst expectations as revenue climbed, increased its quarterly dividend and announced a $17 billion stock repurchase plan.


Bargain hunters lifted shares of Affymax (Nasdaq: AFFY), whose stock price plunged yesterday on recall news.


On the downside


Fourth quarter earnings rose for Chemtura (Nasdaq: CHMT) but the results fell short of expectations prompting a downgrade.


Enbridge Energy (NYSE: EEQ) priced its public offering of 9 million Listed Shares.

  

Vitamin Shoppe (NYSE: VSI) reported flat fourth quarter earnings as revenue missed expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index gained 6 points to 1494.

Markets Collapse Ahead Of Sequester

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Looming mandatory budget cuts sent the markets into a tailspin in the late afternoon with the Dow collapsing 216 points to 13,784. Nasdaq plummeted 45 points to 3116.

On the upside

EDAP (Nasdaq: EDAP) reported positive data from a long term study of its high intensity focused ultrasound therapy for prostate cancer patients.


Ruckus Wireless (NYSE: RKUS) unveiled its new SmartCell Architecture to address increased data demands.


The Food and Drug Administration approved Ocean Bio-Chem's (Nasdaq: OBCI) Xtrem-A-Cide P disinfectant.


On the downside


Concerns that Central European Distribution (Nasdaq: CEDC) may not be able to make debt payments next month sank shares of the vodka maker.


Quicksilver Resources (NYSE: KWK) blamed a significant impairment charge for falling to a loss for the fourth quarter.

  

CommonWealth (NYSE: CWH) disappointed with a loss for the fourth quarter and announced a public offering of 27 million common shares.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 index plunged 27 points to 1487.

Sequester Concerns Weigh Down Markets

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The markets turned negative during the midday with the Dow losing 37 points to 13,962 as the nation moved closer to the sequester. Nasdaq slipped 2 points to 3159.

On the upside

Endo Health Solutions (Nasdaq: ENDP) named Rajiv De Silva as its new president and chief executive.


Barnes & Noble (NYSE: BKS) founder Leonard Riggio will attempt to purchase the booksellers retail business.


Canaccord upgraded Venaxis (Nasdaq: APPY) to a Buy rating.


On the downside


Piper Jaffray analyst Jagadish Iyer lowered his 2013 earnings and revenue guidance for Universal Display (Nasdaq: PANL) saying that the company may not be the solo components vendor for Samsung's Galaxy S4.


Sinopec will acquire a 50% stake in Chesapeake Energy's (NYSE: CHK) Oklahoma assets at a discounted price.

  

Dillard's (NYSE: DDS) reported higher fourth quarter earnings but the results missed analyst estimates.


In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 index lost 4 points to 1511.

The markets opened higher with the Dow rising 51 points to 14,052 as Italian polls indicated that pro-reform candidate Pier Luigi Bersani would defeat three time Prime Minister Silvio Berlusconi. Nasdaq gained 16 points to 3178.

On the upside

Shares of Zynga (Nasdaq: ZNGA) continued rising after Nevada legalized online gambling last week.


Royalty Pharma offered a premium of approximately $6.6 billion to acquire Elan (NYSE: ELN).


Hertz Global (NYSE: HTZ) fell to a loss for the fourth quarter but the results beat expectations and the car rental company forecast 2013 results ahead of estimates.


On the downside


Affymax (Nasdaq: AFFY) and Takeda Pharmaceutical recalled their anemia treatment Omontys in response to serious hypersensitivity reactions.


The Food and Drug Administration rejected Dynavax Technologies' (Nasdaq: DVAX) hepatitis B vaccine Heplisav.

  

3D Systems (NYSE: DDD) reported higher fourth quarter earnings but revenue fell short of expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index added 4 points to 1520.

Better than expected corporate earnings sent the markets soaring to a sharply higher close with the Dow leaping 119 points to 14,000 as investors embraced upbeat corporate earnings. Nasdaq surged 30 points to 3161.

On the upside

AVG Technologies (NYSE: AVG) swung to a profit for the fourth quarter as revenue soared.


Onyx Pharmaceuticals (Nasdaq: ONXX) fell to a smaller than expected loss for the fourth quarter.


Charter Communications (Nasdaq: CHTR) narrowed fourth quarter losses.


On the downside


CoreLogic (NYSE: CLGX) reported higher fourth quarter earnings and revenue but the stock price dropped.


Agrium (NYSE: AGU) reported sharply higher fourth quarter revenue and earnings but Dahlman Rose downgraded the company from a Buy rating to a Sell rating.

  

Fourth quarter earnings plunged for Merit Medical Systems (Nasdaq: MMSI) to fall short of analyst expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index climbed 13 points to 1515.

Markets Advance On Upbeat Earnings

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The markets advanced during the midday with the Dow soaring 92 points to 13,972 as investors embraced upbeat corporate earnings. Nasdaq climbed 21 points to 3152.

On the upside

WebMD Health (Nasdaq: WBMD) fell to a loss for the fourth quarter but revenue beat expectations and the company forecast 2013 revenue ahead of estimates.


Cabot Oil & Gas (NYSE: COG) reported higher fourth quarter earnings that surpassed analyst estimates as revenue rose.


Fourth quarter earnings slipped for Sourcefire (Nasdaq: FIRE) but revenue climbed more than expected.


On the downside


CombiMatrix (Nasdaq: CBMX) chief executive R. Judd Jessup will retire on March 15, 2013 and will be replaced by chief commercial officer Mark McDonough.


Frontline (NYSE: FRO) narrowed fourth quarter losses but warned of upcoming challenges.

  

Immunomedics (Nasdaq: IMMU) priced its public offering of more than 6 million common shares at the discounted price of $2.30 per share.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index gained 8 points to 1511.

Higher Open On Upbeat Earnings

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Upbeat earnings lifted the markets to a higher open with the Dow rising 43 points to 13,924. Nasdaq gained 15 points to 3146.

On the upside

Hewlett-Packard (NYSE: HPQ) reported lower first quarter revenue and earnings but the results surpassed analyst expectations prompting upgrades.


American International Group (NYSE: AIG) fell to fourth quarter loss due to Hurricane Sandy but the insurer's operating income beat expectations.


Aruba Networks (Nasdaq: ARUN) reversed year ago losses to post a better than expected profit for the second quarter.


On the downside


EnteroMedics (Nasdaq: ETRM) priced its public offering of 13.77 million common shares and warrants to purchase 5.508 million common shares at the discounted price of $0.95 per unit.


Volcano (Nasdaq: VOLC) disappointed with sharply lower fourth quarter earnings prompting a downgrade.

  

Abercrombie & Fitch (NYSE: ANF) reported higher fourth quarter earnings but same store sale fell.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index rose 5 points to 1507.

Economic concerns weighed the markets down to a lower close with the Dow falling 46 points to 13,880. Nasdaq dropped 32 points to 3131.

On the upside

J.C. Penney (NYSE: JCP) announced that five leading brands will be introduced this spring in nearly 700 stores.


Yamana Gold (NYSE: AUY) reported higher fourth quarter earnings that topped analyst estimates on record revenue.


Responsys (Nasdaq: MKTG) reported flat fourth quarter earnings but the results were better than expected.


On the downside


Gotham City Research alleged that financial reports by Ebix (Nasdaq: EBIX) were inaccurate.


Taser International (Nasdaq: TASR) reversed year ago losses to post a profit for the fourth quarter but the stock price fell.

  

Marriott Vacations Worldwide (NYSE: VAC) fell to a loss for the fourth quarter .


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index lost 9 points to 1502.

The markets extended its losses during the midday with the Dow dropping 76 points to 13,850 over economic concerns. Nasdaq tumbled 34 points to 3130.

On the upside

Safeway (NYSE: SWY) reported higher fourth quarter earnings that beat expectations by a wide margin as revenue rose.


A Seeking Alpha contributor expects shares of CombiMatrix (Nasdaq: CBMX) to double the end of February.


HomeAway (Nasdaq: AWAY) reported higher fourth quarter earnings and revenue and forecast current quarter revenue ahead of estimates prompting an upgrade.


On the downside


Qualcomm (Nasdaq: QCOM) introduced a new family of RF360 Front End Solution chips prompting an analyst to downgrade competitors RF Micro Devices (Nasdaq: RFMD) and Skyworks Solutions (Nasdaq: SWKS).


Profit taking sank shares of Chelsea Therapeutics (Nasdaq: CHTP).

  

Fourth quarter earnings plunged for Synacor (Nasdaq: SYNC).


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 index dropped 10 points to 1501.

Jobless claims rose more than expected last week to weigh the markets down to a lower open with the Dow falling 63 points to 13,864. Nasdaq dropped 21 points to 3143.

On the upside

The Food and Drug Administration recommended that Repros Therapeutics (Nasdaq: RPRX) proceed with a phase 3 study of Androxal.


A district court issued a Markman Order in favor of ParkerVision (Nasdaq: PRKR) in its patent infringement suit against Qualcomm (Nasdaq: QCOM).


Linn Energy will pay approximately $2.5 billion in stock to acquire Berry Petroleum (NYSE: BRY).


On the downside


VeriFone Systems (NYSE: PAY) warned that first quarter earnings and revenue would fall far short of analyst expectations and forecast current quarter results that missed estimates.


Forest Oil (NYSE: FST) fell to a loss for the fourth quarter as revenue fell.

  

Tesla Motors (Nasdaq: TSLA) widened fourth quarter losses.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index fell 7 points to 1504.

Fed May Stop QE, Markets Plunge

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Disappointment that the Federal Reserve may stop purchasing assets sent the markets tumbling to a sharply lower close with the Dow plummeting 108 points to 13,927. Nasdaq plunged 49 points to 3164.

On the upside

Shares of Novogen (Nasdaq: NVGN) continued rising after a Proactive Investors Australia reported that the biotechnology firm's ovarian cancer treatment CS-6 was effective.


Clean Harbors (NYSE: CLH) reported sharply higher fourth quarter earnings and revenue that surpassed analyst expectations.


Third quarter earnings and revenue rose for La-Z-Boy (NYSE: LZB) to top analyst estimates.


On the downside


Newfield Exploration (NYSE: NFX) blamed charges for falling to a significant loss for the fourth quarter.


PVR Partners (NYSE: PVR) fell to a loss for the fourth quarter as revenue slipped.

  

Anadigics (Nasdaq: ANAD) widened fourth quarter losses more than expected.


In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 index tumbled 18 points to 1511.

A greater than expected drop in January housing starts weighed the markets down during the midday with the Dow slipping 13 points to 14,021. Nasdaq fell 17 points to 3196.

On the upside

Acquisition rumors lifted shares of Joy Global (NYSE: JOY).


Susquehanna upgraded Radian Group (NYSE: RDN) from a Neutral rating to a Positive rating.


Allscripts Healthcare (Nasdaq: MDRX) reported lower fourth quarter revenue and earnings that fell short of expectations but shares of the digital medical records solutions company rose.


On the downside


Garmin (Nasdaq: GRMN) disappointed with lower fourth quarter earnings and revenue that missed analyst estimates and forecast 2013 results below expectations.


Owens Corning (NYSE: OC) fell to a larger than expected loss for the fourth quarter.

  

Toll Brothers (NYSE: TOL) reversed year ago losses to post a profit for the first quarter but the results fell short of expectations.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index lost 6 points to 1524.

Mixed Open Over Economic Data

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Merger and acquisition news tempered disappointment with a larger than expected drop in January housing starts. The markets opened mixed with the Dow rising 11 points to 14,046 while Nasdaq lost 5 points to 3207.

On the upside

Total System Services (NYSE: TSS) will pay a premium of approximately $1.4 billion in cash to acquire Netspend Holdings (Nasdaq: NTSP).


Office Depot (NYSE: ODP) and OfficeMax (NYSE: OMX) will merge in an all stock transaction valued at approximately $1.2 billion.


Sina (Nasdaq: SINA) reported lower fourth quarter earnings but the results beat analyst expectations by a wide margin.


On the downside


Millennial Media (NYSE: MM) will acquire privately held mobile media buying and targeting platform Metaresolver in an all cash deal.


Indonesia did not approve Harvest Natural Resources' (NYSE: HNR) proposed $725 million sale of its Venezuelan subsidiary HNR Energia BV to Indonesia's PT Pertamina.

  

Oncolytics Biotech (Nasdaq: ONCY) priced its public offering of 8 million common shares at the discounted price of $4.00 per share.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index slipped 2 points to 1528.

Higher Close On Consolidation Hopes

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Optimism over a possible consolidation in the office supplies sector lifted the markets to a higher close with the Dow gaining 53 points to 14,035. Nasdaq climbed 21 points to 3213.

On the upside

Proactive Investors Australia reported that Novogen's (Nasdaq: NVGN) ovarian cancer treatment CS-6 was effective.


F.N.B. (Nasdaq: FNB) will acquire PVF Capital (Nasdaq: PVFC) in an all stock deal valued at approximately $106.4 million.


Morgan Stanley initiated coverage of Infinity Pharmaceuticals (Nasdaq: INFI) with an Overweight rating and a price target of $47.


On the downside


GMX Resources (NYSE: GMX) provided an update for its 2012 year-end reserves.


Group 1 Automotive (NYSE: GPI) blamed higher expenses and an impairment charge for lower fourth quarter earnings that fell short of analyst expectations.

  

Daktronics (Nasdaq: DAKT) reported higher fourth quarter earnings but the results missed analyst expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 index climbed 11 points to 1530.

Markets Advance At Midday

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The markets advanced during the midday with the Dow climbing 52 points to 14,033 over consolidation speculation in the office supplies sector. Nasdaq gained 10 points to 3202.

On the upside

A Seeking Alpha contributor wrote that CenturyLink (NYSE: CTL) was good long term investment.


Fourth quarter earnings fell for Bruker (Nasdaq: BRKR) but the results were better than expected.


Rockwood Holdings (NYSE: ROC) reported lower fourth quarter earnings but revenue rose to surpass analyst expectations.


On the downside


Fourth quarter earnings slipped for Cimatron (Nasdaq: CIMT) even as revenue rose.


EarthLink (Nasdaq: ELNK) fell to a loss for the fourth quarter and forecast 2012 revenue below analyst expectations.

  

eHealth (Nasdaq: EHTH) reported flat fourth quarter earnings that fell short of expectations and forecast 2013 earnings below estimates.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 index climbed 7 points to 1526.

Merger news lifted the markets to a higher open with the Dow gaining 47 points to 14,029. Nasdaq rose 12 points to 3204.

On the upside

The Wall Street Journal reported that Office Depot (NYSE: ODP) and OfficeMax (NYSE: OMX) have engaged in advanced negotiations for a possible merger. Shares of rival Staples (Nasdaq: SPLS) climbed on consolidation hopes.


Sealed Air (NYSE: SEE) narrowed fourth quarter losses more than expected.


Shares of SunPower (Nasdaq: SPWR) continued rising after Motley Fool wrote last week that the company would continue rising.


On the downside


The Center for Medicare and Medicaid Service proposed new 2014 Medicare Advantage rates that were lower than anticipated sending shares of insurers Humana (NYSE: HUM) and Cigna (NYSE: CI) tumbling.


Digital Generation (Nasdaq: DGIT) fell to a loss for the fourth quarter due to an impairment charge.

  

Yandex (Nasdaq: YNDX) reported higher fourth quarter earnings but the results fell short of analyst expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 index gained 6 points to 1526.

U. S. Markets Closed

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U. S. markets are closed in observance of the Presidents' Day holiday.

Mixed Economic Data, Mixed Close

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The markets closed mixed with the Dow rising 8 points to 13,981 as industrial production edged down while consumer sentiment rose. Nasdaq slipped 6 points to 3192.

On the upside

Shares of Millennial Media (NYSE: MM) rose ahead of its earnings release on Tuesday.


Key Energy Services (NYSE: KEG) reported lower fourth quarter earnings but the results topped analyst estimates.


Shares of MEMC Electronic Materials (NYSE: WFR) continued rising after reporting narrower fourth quarter losses Wednesday before market open.


On the downside


Shares of Endeavour International (NYSE: END) extended its losses after announcing yesterday that it was exploring strategic options including the possible sale of the company.


Kosmos Energy (NYSE: KOS) priced its secondary public offering of 30 million common shares at the discounted price of $11 per share.

  

Forest Oil (NYSE: FST) closed the sale of its South Texas properties.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by  10 to 9 on Nasdaq. The broader S&P 500 index eased a point to 1519.

Flat Markets Over Mixed Economic Data

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The markets traded near the flatline during the midday during the midday with the Dow edging down 2 points to 13,966 as investors weighed rising consumer sentiment against an unexpected slip in industrial production. Nasdaq eased a fraction to 3197.

On the upside

Shares of Xoom (Nasdaq: XOOM) soared in its market debut.


Bargain hunters lifted shares of Gap (NYSE: GPS).


Ellie Mae (NYSE: ELLI) reported sharply higher fourth quarter earnings that more than doubled to beat analyst expectations as revenue surged.


On the downside


Amicus Therapeutics (Nasdaq: FOLD) reported additional interim results from an ongoing Phase 3 study of its Fabry disease treatment.


Shares of 3D Systems (NYSE: DDD) continued falling after Citron Research said yesterday that the company overstated advancements in 3D printing technology.

  

Gold Fields (NYSE: GFI) blamed an illegal strike at two South African mines for reporting  sharply lower fourth quarter earnings.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by a margin of nearly 10 to 9 on Nasdaq. The broader S&P 500 index eased a point to 1519.

Consumer sentiment rose more than expected in February to lift the markets to a higher open with the Dow rising 15 points to 13,989. Nasdaq gained 5 points to 3203.

On the upside

Billionaire investor Carl Icahn acquired a 13% stake in Herbalife (NYSE: HLF) as part of an ongoing dispute with William Ackman, who accused the nutritional supplement company of being a pyramid scheme.


Qlik Technologies (Nasdaq: QLIK) reported lower fourth quarter earnings but the results were better than expected.


Trian Fund purchased 1.6 million shares of MeadWestvaco (NYSE: MWV).


On the downside


LogMeIn (Nasdaq: LOGM) reported higher fourth quarter revenue and earnings but the company forecast current quarter results well below analyst expectations.


Fourth quarter revenue and earnings rose for IPG Photonics (Nasdaq: IPGP) but the results fell short of estimates.

  

Howard Weil downgraded Transocean (NYSE: RIG) to a Sector Perform rating while Deutsche Bank downgraded the offshore drilling services provider to a Sell rating.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by a margin of more than 9 to 7 on Nasdaq. The broader S&P 500 index added a point to 1523.

The markets closed flat with the Dow slipping 9 points to 13,973 as investors weighed corporate merger and acquisition news against slowing growth in Europe. Nasdaq added a point to 3198.

On the upside

GNC Holdings (NYSE: GNC) reported higher fourth quarter earnings that beat expectations and forecast 2013 earnings ahead of estimates.


Fourth quarter earnings for ValueClick (Nasdaq: VCLK) climbed to surpass analyst expectations and the company forecast current quarter earnings above estimates.


UBS analyst Brent Thill upgraded ServiceNow (NYSE: NOW) to a Buy rating and lifted his price target to $36 from $30.


On the downside


Nanosphere (Nasdaq: NSPH) reported a loss for the fourth quarter and cut its projected enteric pathogens panels placements in the first quarter.


Encana (NYSE: ECA) posted a fourth quarter loss and said that its search for a new chief executive may take as long as three to six months.

  

The Food and Drug Administration expanded an import ban to include three Hospira (NYSE: HSP) intravenous pumps manufactured in Costa Rica.


In the broad market, declining issues were on par with advancers on the NYSE while advancers edged out decliners by a margin of more than 10 to 9 on Nasdaq. The broader S&P 500 index added a point to 1521.

The markets traded near the flatline with the Dow losing 14 points to 13,968 as growth declined in Europe for the third quarter in a row. Nasdaq added a point to 3198.

On the upside

Alpha Natural Resourcs (NYSE: ANR) narrowed fourth quarter losses more than expected.


Wall Street Cheat Sheet listed SunPower (Nasdaq: SPWR) as one of five solar stocks with a strong earnings trend.


Angie's List (Nasdaq: ANGI) reversed year ago losses to post a better than expected profit for the fourth quarter and forecast current quarter revenue ahead of estimates.


On the downside


US Airways (NYSE: LCC) will merge with bankrupt American Airlines parent AMR in an $11 billion stock deal to become that nation's largest airline.


Fresenius Medical Care (NYSE: FMS) cited disappointing sales for halting its pilot program for Affymax's (Nasdaq: AFFY) Omontys for chronic kidney patients on dialysis.

  

Ulta Salon (Nasdaq: ULTA) chief executive Chuck Rubin resigned prompting a downgrade.


In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while advancers edged out decliners by nearly 5 to 4 on Nasdaq. The broader S&P 500 index edged up a fraction to 1521.

Jobless claims fell more than expected last week but sluggish economic growth in Europe weighed the markets down to a lower open with the Dow slipping 8 points to 13,974. Nasdaq lost 6 points to 3190.

On the upside

Berkshire Hathaway and 3G Capital will pay a premium of approximately $23.2 billion in cash to acquire H. J. Heinz (NYSE: HNZ).


Anheuser-Busch InBev responded to a Justice Department lawsuit by revising its $20.1 billion acquisition offer for Grupo Modelo.  Approval of the new plan could clear the way for Constellation Brands (NYSE: STZ) to acquire the 50% stake of Crown Imports that Anheuser-Busch InBev owns.


Artio Global Investors (NYSE: ART) fell to a loss for the fourth quarter but the results were better than expected.


On the downside


ARMOUR Residential REIT (NYSE: ARR) priced its public offering of 65 million common shares.


CenturyLink (NYSE: CTL) reported higher fourth quarter earnings but the results fell short of analyst expectations and the telecommunications company cut its quarterly dividend from $0.725 per share to $0.54 per share. Shares of rivals Frontier Communications (Nasdaq: FTR) and Windstream (Nasdaq: WIN) also fell.

  

Whole Foods Market (Nasdaq: WFM) reported higher first quarter earnings and revenue but lowered its full year sales guidance.


In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index eased a point to 1518.

Mixed Close Over Retail Sales

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The markets closed mixed with the Dow falling 35 points to 13,982 while Nasdaq gained 10 points to 3196 after January retail sales edged up a mere 0.1%.

On the upside

Vonage Holdings (NYSE: VG) reported lower fourth quarter earnings but the results beat expectations.


Fourth quarter earnings surged for Proto Labs (NYSE: PRLB) to surpass analyst expectations on record revenue.


Pioneer Energy Services (NYSE: PES) reported lower fourth quarter earnings but the results were better than expected.


On the downside


Polycom (Nasdaq: PLCM) president of products and services Sudhakar Ramakrishna will leave the company on March 15.


Wedge Partners analyst Brian Blair does not expect strong sales of the BlackBerry (Nasdaq: BBRY) Z10.

  

Hospira (NYSE: HSP) reversed year ago losses to post a profit for the fourth quarter but the company forecast 2013 earnings and revenue below expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index edged up a point to 1520.

A disappointing 0.1% uptick in retail sales for January weighed the Dow down during the midday with the blue chip index falling 55 points to 13,962. Nasdaq rose 4 points to 3190.

On the upside

MEMC Electronic Materials (NYSE: WFR) narrowed fourth quarter losses more than expected.


Real Goods Solar (Nasdaq: RSOL) will provide solar solutions to new communities built by a leading homebuilder.


Second quarter earnings surged for Recon Technology (Nasdaq: RCON).


On the downside


EZchip Semiconductor (Nasdaq: EZCH) swung to a profit for the fourth quarter but revenue for the year dropped.


Bankrate (NYSE: RATE) disappointed with sharply lower fourth quarter earnings and revenue that fell short of expectations and forecast 2013 revenue well below analyst estimates.

  

Dean Foods (NYSE: DF) reversed year ago losses to post a better than expected profit for the fourth quarter but the company forecast current quarter earnings below expectations.


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 index held steady at 1519.

Mixed Open As Retail Sales Edge Up

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The markets opened mixed with the Dow slipping 4 points to 14,013 while Nasdaq climbed 16 points to 3203 as retail sales edged up a modest 0.1% in January.

On the upside

Peregrine Pharmaceuticals (Nasdaq: PPHM) reported positive results from a Phase II clinical trial of bavituximab for treating patients with Stage IV pancreatic cancer.


Sterne, Agee & Leach analyst Arvind Bhatia upgraded Groupon (Nasdaq: GRPN) to a Buy rating and established a $9 price target for the online daily deals company.


Comcast (Nasdaq: CMCSA) will pay approximately $16.7 billion to acquire the remaining 49% of NBC Universal that it does not already own.


On the downside


Cliffs Natural Resources (NYSE: CLF) blamed significant impairment charges for falling to a loss for the fourth quarter.


Rackspace Hosting (NYSE: RAX) reported higher fourth quarter earnings but revenue fell short of analyst expectations prompting a downgrade.

  

America Movil (NYSE: AMX) disappointed with lower fourth quarter earnings that missed expectations as revenue fell.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index rose 4 points to 1523.

Higher Close On January Surplus

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The markets closed modestly higher with the Dow climbing 47 points to 14,018 after the federal government reported a surplus in January. Nasdaq slipped 5 points to 3186.

On the upside

Barclays (NYSE: BCS) will eliminate at least 3,700 jobs as part of the bank's restructuring plan.


CNO Financial Group (NYSE: CNO) reported higher fourth quarter earnings and revenue.


Shares of LDK Solar (NYSE: LDK) climbed in anticipation of lower costs after the solar wafer maker upgrades a polysilicon plant.


On the downside


Comstock Resources (NYSE: CRK) widened fourth quarter losses more than expected.


Deustche Bank initiated coverage of Cincinnati Bell (NYSE: CBB) with a Hold rating.

  

Operations at McEwen Mining's (NYSE: MUX) 49% owned San Jose mine were halted last Monday after 76 employees contracted gastroenteritis.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index added 2 points to 1519.

Positive Earnings Lift Markets

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The markets traded higher during the midday with the Dow gaining 37 points to 14,009 on positive earnings reports. Nasdaq eased a point to 3190.

On the upside

Masco (NYSE: MAS) narrowed fourth quarter losses more than expected as revenue climbed.


Ziopharm (Nasdaq: ZIOP) reached the target number of progression-free survival events for a Phase 3 trial of palifosfamide.


Seeking Alpha listed Keryx Biopharmaceuticals (NYSE: KERX) as the best performing Russell 3000 stock in 2013.


On the downside


Valspar (NYSE: VAL) reported lower first quarter revenue and earnings that fell short of analyst expectations.


MELA Sciences (Nasdaq: MELA) priced its public offering of 6.1 million common shares at the discounted price of $1.30 per share.

  

Seeking Alpha wrote that Celsion (Nasdaq: CLSN) was worthless.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index rose 2 points to 1519.

Higher Open On Upbeat Earnings

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Upbeat earnings lifted the markets to a higher open with the Dow rising 30 points to 14,001. Nasdaq added 3 points to 3195.

On the upside

Third quarter earnings surged fourfold for Michael Kors (NYSE: KORS) to surpass analyst expectations by a wide margin as revenue soared prompting the fashion company to lift its full year earnings guidance.


StemCells (Nasdaq: STEM) reported positive results from a Phase I/II clinical trial of its purified human neural stem cells product to treat chronic spinal cord injury.


Avon (NYSE: AVP) widened fourth quarter losses but the beauty products company sold more items.


On the downside


Level 3 Communications (NYSE: LVLT) narrowed fourth quarter losses less than expected.


Huntsman (NYSE: HUN) fell to a loss for the fourth quarter due to restructuring costs.

  

Profit taking sank shares of Zynga (Nasdaq: ZNGA).


In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by more than 9 to 7 on Nasdaq. The broader S&P 500 index added 2 points to 1519.

Lower Close After Six Weeks Of Gains

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The markets ended the day little changed with the Dow slipping 21 points to 13,971 after six weeks of gains. Nasdaq edged down a point to 3192.

On the upside

Williams Capital initiated coverage of Uni-Pixel (Nasdaq: UNXL) with a Buy rating.


Steel Holdings will acquire 7.5 million common shares of ModusLink (NYSE: MLNK) for a premium of $30 million.


Shares of American Semiconductor (Nasdaq: AMSC) rose ahead of its earnings release after market close.


On the downside


Falling  gold prices weighed down shares of Buenaventura (NYSE: BVN), McEwen Mining (NYSE: MUX) and Yamana Gold (NYSE: AUY).


Profit taking sank shares of Oncolytics Biotech (Nasdaq: ONCY).

  

Gulfport Energy (Nasdaq: GPOR) launched a public offering of 7.75 million shares of common stock.


In the broad market, declining issues outpaced advancers by a margin of 9 to 7 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index eased a fraction to 1517.

Markets Slip On Lack Of News

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With little economic news for investors to digest, the markets  traded lower during the midday with the Dow losing 26 points to 13,966. Nasdaq slipped 4 points to 3188.

On the upside

Bargain hunters lifted shares of SunPower (Nasdaq: SPWR), whose stock price fell on Friday after forecasting flat revenue for 2013.


Shares of LinkedIn (NYSE: LNKD) continued rising after reporting sharply higher fourth quarter earnings and revenue last week.


BlackRock acquired a 7.85% stake in Diamond Foods (Nasdaq: DMND).


On the downside


A Seeking Alpha contributor wrote that Caesars Entertainment (Nasdaq: CZR) was over leveraged and questioned its long term viability.


The Food and Drug Administration rejected Novo Nordisk's (NYSE: NVO) insulin products Tresiba and Ryzodeg.

  

Wedbush downgraded Heckmann (NYSE: HEK) to an Underperform rating and cut its price target to $2.50 from $3.00.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 index eased a point to 1516.

Lower Open As Budget Talks Continue

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The markets opened lower with the Dow falling 38 points to 13,954 as investors continued to monitor federal budget developments. Nasdaq lost 6 points to 3187.

On the upside

A Barron's article reported favorably on Wendy's (Nasdaq: WEN) updated menu and improved marketing strategy.


Shares of Celsion (Nasdaq: CLSN) continued rising after TheStreet listed the company as one of five poised to breakout.


RBC Capital upgraded AOL (NYSE: AOL) to an Outperform rating.


On the downside


Home Depot (NYSE: HD) will replace the Blackberrys (Nasdaq: BBRY) supplied to approximately 10,000 corporate staff with Apple's (Nasdaq: AAPL) iPhone 4S.


Radian Group (NYSE: RDN) widened fourth quarter losses as expenses climbed.

  

Dougherty downgraded Green Mountain Coffee Roasters (Nasdaq: GMCR) to a Neutral rating.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 index slipped 2 points to 1515.

A greater than expected increase in Chinese exports lifted the markets to a higher close with the Dow gaining 48 points to 13,992. Nasdaq climbed 28 points to 3193.

On the upside

Stockpickr wrote that Celsion (Nasdaq: CLSN) was oversold and poised to breakout.


Shares of The ExOne (Nasdaq: XONE) continued soaring on its second day of trading.


HSBC Securities initiated coverage of McDermott International (NYSE: MDR) with a Neutral rating.


On the downside


Guidance Software (Nasdaq: GUID) reported lower fourth quarter earnings even as revenue climbed.


Just Energy (NYSE: JE) swung to a profit for the third quarter but the company lowered its dividend.

  

Shares of Opexa Therapeutics (Nasdaq: OPXA) continued falling after pricing its private registered offering of common stock and warrants yesterday.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index climbed 8 points to 1517.

Markets Up As Trade Deficit Narrows

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The markets traded higher during the midday with the Dow rising 43 points to 13,987 as the nation's trade deficit narrowed in December. Nasdaq gained 28 points to 3193.

On the upside

Shares of Boyd Gaming (NYSE: BYD) and Caesers Entertainment (Nasdaq: CZR) climbed on optimism that New Jersey would legalize online gambling.


Zynga's (Nasdaq: ZNGA) popular Farmville social media game will become a half hour animated television series.


AOL (NYSE: AOL) reported sharply higher fourth quarter earnings as revenue rose.


On the downside


OPKO Health (NYSE: OPK) vice president and chief accounting officer Adam E. Logal sold 50,000 shares of common stock.


Moody's (NYSE: MCO) reported sharply higher fourth quarter earnings and revenue but the stock price tumbled on lawsuit concerns.

  

Corrections Corporation of America (NYSE: CXW) will convert to a Real Estate Investment Trust.


In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index gained 6 points to 1516.

The nation's trade deficit narrowed more than expected in December to boost the markets to a higher open with the Dow gaining 67 points to 14,011. Nasdaq climbed 27 points to 3192.

On the upside

Oncolytics Biotech (Nasdaq: ONCY) reported positive results from a midstage clinical trial of its lung cancer treatment Reolysin.


Activision Blizzard (Nasdaq: ATVI) reported sharply higher fourth quarter earnings and revenue that topped analyst estimates.


LinkedIn (NYSE: LNKD) reported higher fourth quarter earnings that surpassed analyst expectations by a wide margin as revenue surged.


On the downside


Nuance Communications (Nasdaq: NUAN) fell to a loss for the first quarter and forecast full year results below expectations prompting downgrades.


EnteroMedics (Nasdaq: ETRM) reported disappointing results from a Phase III study of its implantable weight loss device VBLOC.

  

Fourth quarter earnings tumbled for Riverbed Technology (Nasdaq: RVBD) due to acquisition related costs and the network gear maker forecast current quarter earnings below expectations.


In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index gained 7 points to 1517.

The markets closed lower with the Dow falling 42 points to 13,944 as the nation's business productivity fell a greater than expected 2% in the fourth quarter. Nasdaq slipped 3 points to 3165.

On the upside

Fourth quarter earnings slipped for Advance Auto Parts (NYSE: AAP) but the results were better than expected.


Bloomberg reported that Cablevision Systems (NYSE: CVC) was close to finalizing a deal to sell its Optimum West business to Charter Communications.


True Religion Apparel (Nasdaq: TRLG) reported lower fourth quarter earnings but revenue rose and the results beat analyst expectations.


On the downside


Accuray (Nasdaq: ARAY) widened second quarter losses as revenue fell.


Ann (NYSE: ANN) warned that fourth quarter revenue would fall short of expectations due to a drop in same store sales.

  

Monster Worldwide (NYSE: MWW) blamed the challenging global economy for falling to a loss for the fourth quarter.


In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index slipped 2 points to 1509.

First time applications for unemployment benefits slipped less than expected to weigh the markets down during the midday with the Dow dropping 89 points to 13,896. Nasdaq lost 14 points to 3153.

On the upside

The New York Times (NYSE: NYT) reported higher fourth quarter earnings and revenue that topped analyst estimates.


Fourth quarter earnings rose for O'Reilly Automotive (Nasdaq: ORLY) to beat expectations as revenue climbed.


Shares of The ExOne (Nasdaq: XONE) surged in its market debut.


On the downside


Alcatel-Lucent (NYSE: ALU) fell to a significant loss for the fourth quarter and announced the departure of chief executive Ben Verwaayen.


TriQuint Semiconductor (Nasdaq: TQNT) fell to a loss for the fourth quarter and warned of losses for the first quarter.

  

Bunge (NYSE: BG) disappointed by swinging to a fourth quarter loss and announced the retirement of chief executive Alberto Weisser on June 1.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index fell 7 points to 1504.

Lower Open Over Economic Concerns

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Despite better than expected January retail sales, the markets opened lower with the Dow tumbling 95 points to 13,891 over continued economic concerns. Nasdaq fell 21 points to 3146.

On the upside

CBRE Group (NYSE: CBG) reported higher fourth quarter earnings and revenue that surpassed analyst expectations and forecast 2013 earnings above estimates.


Fourth quarter earnings and revenue fell for Patterson-UTI Energy (Nasdaq: PTEN) but the results were better than expected.


DeVry (NYSE: DV) reported sharply higher second quarter earnings that beat expectations by a wide margin as the for profit educator cut costs.


On the downside


Akamai Technologies (Nasdaq: AKAM) reported higher fourth quarter earnings but revenue fell short of expectations and the company forecast current quarter revenue below estimates.


First quarter earnings and revenue rose for Green Mountain Coffee Roasters (Nasdaq: GMCR) but the company forecast current quarter revenue that missed analyst expectations.

  

Atmel (Nasdaq: ATML) fell to a loss for the fourth quarter as expenses climbed.


In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index dropped 9 points to 1502.

Flat Close Over GOP Sequestor Plan

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The markets closed flat with the Dow adding 7 points to 13,986 as lawmakers worked to avoid a sequester. Nasdaq slipped 3 points to 3168.

On the upside

A New York judged ordered Flagstar Bancorp to pay Assured Guaranty (NYSE: AGO) $90.1 million for breach of contract. Shares of MBIA (NYSE: MBI) rose over optimism that the bond insurer will be victorious in its lawsuit against Bank of America (NYSE: BAC).


The Food and Drug Administration approved the use of Biolase's (Nasdaq: BIOL) 940nm Diolase 10 diode soft tissue laser in an additional 19 medical markets.


Howard Weil upgraded Penn Virginia (NYSE: PVA) to a Sector Outperform rating.


On the downside


Apollo Investment (Nasdaq: AINV) fell to a loss for the fourth quarter.


Colfax (NYSE: CFX) swung to a profit for the fourth quarter but revenue fell short of expectations.

  

USG (NYSE: USG) narrowed fourth quarter losses less than expected.


In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 index edged up a fraction to 1512.

Markets Edge Lower On Earnings

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The markets edged lower during the midday with the Dow losing 14 points to 13,965 as investors digested earnings news. Nasdaq fell 7 points to 3164.

On the upside

Zynga (Nasdaq: ZNGA) narrowed fourth quarter losses more than expected.


Shares of Boise Cascade (NYSE: BCC) surged in its market debut.


Take-Two Interactive Software (Nasdaq: TTWO) impressed with sharply higher third quarter earnings and revenue that beat expectations by a wide margin.


On the downside


Melco Crown Entertainment (Nasdaq: MPEL) reported higher preliminary fourth quarter earnings and revenue but the stock price fell on concerns that China's plan to target money laundering in Macau will hurt revenue.


Suncor Energy (NYSE: SU) blamed an impairment charge for falling to a loss for the fourth quarter.

  

Calix (NYSE: CALX) widened fourth quarter losses.


In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by more than 10 to 9 on Nasdaq. The broader S&P 500 index lost 2 points to 1508.

Lower Open Over Earnings

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The markets opened lower with the Dow slipping 28 points to 13,951 over earnings news. Nasdaq lost 6 points to 3165.

On the upside

Shutterfly (Nasdaq: SFLY) reported sharply higher fourth quarter earnings and revenue that surpassed analyst expectations by a wide margin.


Reliance Steel & Aluminum will pay a premium of approximately $766.1 million to acquire Metals USA (NYSE: MUSA).


Goodrich Petroleum (NYSE: GDP) completed its Crosby 12H-1 well in Wilkinson County, Mississippi.


On the downside


Fourth quarter earnings more than doubled for C.H. Robinson Worldwide (Nasdaq: CHRW) due to acquisitions but the results missed expectations.


Elan (NYSE: ELN) swung to a profit for the fourth quarter but the company announced a restructuring of its Tysabri agreement with Biogen.

  

A blog that said that used games will not be able to be installed in the next generation of Microsoft's (Nasdaq: MSFT) Xbox consoles sank shares of GameStop (NYSE: GME).


In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index slipped 2 points to 1509.

Higher Close As Earnings Impress

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Positive corporate earnings news lifted the markets to a sharply higher close with the Dow climbing 99 points to 13,979. Nasdaq leaped 40 points to 3171.

On the upside

Vishay Intertechnology (NYSE: VSH) reported lower fourth quarter earnings and revenue but the results were better than expected.


First quarter earnings fell for AECOM Technology (NYSE: ACM) but the results beat expectations.


Consumer Portfolio Services (Nasdaq: CPSS) reported sharply higher fourth quarter earnings due to a tax benefit.


On the downside


A Seeking Alpha contributor recommended that investors sell Diana Containerships (Nasdaq: DCIX).


Edwards Lifesciences (NYSE: EW) reported higher fourth quarter earnings but increased inventory stocking sales raised concerns that sales will drop over the next few quarters.

  

SolarWinds (NYSE: SWI) reported higher fourth quarter earnings and revenue that topped analyst estimates but valuation concerns sank the stock.


In the broad market, advancing issues outpaced decliners by a margin of 5 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index soared 15 points to 1511.

Earnings Lift Markets At Midday

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The markets advanced during the midday with the Dow surging 113 points to 13,994 over earnings and acquisition news. Nasdaq soared 29 points to 3161.

On the upside

Opexa Therapeutics (Nasdaq: OPXA) granted Merck Serono exclusive  rights to develop and commercialize its multiple sclerosis treatment Tcelna.


Estee Lauder (NYSE: EL) reported higher second quarter earnings that surpassed analyst expectations as revenue rose.


Computer Sciences (NYSE: CSC) swung to a better than expected profit for the third quarter on higher revenue.


On the downside


NII Holdings (Nasdaq: NIHD) forecast disappointing 2013 revenue that missed analyst expectations and announced plans to offer $400 million in senior notes.


Shares of McGraw-Hill (NYSE: MHP) continued falling after the Justice Department filed a civil suit against the company's Standard & Poor's Ratings Services for its mortgage investment ratings in 2007.

  

Petroleo Brasileiro (NYSE: PBR) reported higher fourth quarter earnings but debt climbed.


In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index climbed 12 points to 1508.

Higher Open On Upbeat Earnings

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Upbeat earnings news lifted the markets to a higher open with the Dow soaring 103 points to 13,983. Nasdaq climbed 22 points to 3154.

On the upside

Liberty Media engaged in discussions for a possible acquisition of Virgin Media (Nasdaq: VMED).


Bank of America Merrill Lynch analyst Justin Post upgraded Zynga (Nasdaq: ZNGA) from Underperform to Buy and boosted his price target from $2.70 to $3.40.


AllThingsD wrote that sales of the BlackBerry Z10 (Nasdaq: BBRY) were better than expected.


On the downside


Baidu (Nasdaq: BIDU) reported higher fourth quarter earnings and revenue but the company's profit growth slowed prompting a downgrade.


Arch Coal (NYSE: ACI) fell to a loss for the fourth quarter as revenue dropped.

  

Fourth quarter earnings slipped for Yum! Brands (NYSE: YUM) prompting the parent company of KFC, Pizza Hut and Taco Bell to warn of lower full year earnings.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index gained 12 points to 1507.

Renewed Eurozone concerns sent the markets tumbling to a sharply lower close with the Dow plunging 129 points to 13,880. Nasdaq plummeted 47 points to 3131.

On the upside

Panasonic (NYSE: PC) reversed year ago losses to post a profit for the October-December quarter.


COR Capital analyst Steven Sugarman said that Prospect Global Resources (Nasdaq: PGRX) was the best potash investment in North America.


Caesars Entertainment (Nasdaq: CZR) reported preliminary fourth quarter results that topped analyst estimates and announced that it may sell a stake in its online operations.


On the downside


The Justice Department is preparing to sue McGraw-Hill (NYSE: MHP) unit Standard & Poor's for its 2007 mortgage bond ratings. Shares of fellow ratings agency Moody's (NYSE: MCO) fell on the news.


Shares of Synacor (Nasdaq: SYNC) fell ahead of its presentation at the 2013 Stifel Nicolaus Technology Conference in San Francisco tomorrow.

  

IDP Analytics questioned whether Keryx Pharmaceuticals (Nasdaq: KERX) would be granted New Chemical Entity status for its Zerenex.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 index tumbled 17 points to 1495.

The markets extended its losses during the midday with the Dow plummeting 116 points to 13,893 on disappointing December factory orders. Nasdaq tumbled 35 points to 3143.

On the upside

Shares of Sonus Networks (Nasdaq: SONS) rose after rival Acme Packet (Nasdaq: APKT) received a $1.7 billion acquisition offer from Oracle (Nasdaq: ORCL).


Germany will allow insurance reimbursements for liver cancer patients treated with Delcath Systems' (Nasdaq: DCTH) Delcath Hepatic CHEMOSTAT Delivery System for melphalan hydrochloride.


A lawsuit against Cyberonics (Nasdaq: CYBX) that was filed by former employee Andrew Hagerty was dismissed.


On the downside


Maxim downgraded Youku Tudou (NYSE: YOKU) to a Sell rating.

 

Shares of Banco Santander (NYSE: SAN) fell after London & Capital chief investment officer Ashok Shah said that Spanish banks must raise additional capital due to mounting non-performing loans.

  

Shares of Cytokinetics (NYSE: CYTK) fell ahead of its earnings release tomorrow after market close.

In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by 3 to 1 on Nasdaq. The broader S&P 500 index dropped 13 points to 1499.

December factory orders rose less than expected to weigh the markets down to a sharply lower open with the Dow plunging 102 points to 13,906. Nasdaq dropped 15 points to 3163.

On the upside

Oracle (Nasdaq: ORCL) will pay a premium of approximately $1.7 billion in cash to acquire Acme Packet (Nasdaq: APKT) .


Bernstein Research upgraded BlackBerry (Nasdaq: BBRY) to an Outperform rating.


Yingli Green Energy (NYSE: YGE) announced that it supplied its first Jordanian client, Kawkabuna for Energy Solutions, with 65 kilowatts of PV modules.


On the downside


The New York Post reported that Herbalife (NYSE: HLF) was under investigation by a law enforcement agency and that the Federal Trade Commission has received numerous complaints against the company.

 

Shares of Celsion (Nasdaq: CLSN) continued falling after reporting disappointing study results last week for its ThermoDox to treat liver cancer patients.

  

Gannett (NYSE: GCI) reported lower fourth quarter earnings even as revenue rose.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 index fell 9 points to 1503.

The nation's unemployment rate edged up to 7.9% in January from 7.8% last month but monthly payrolls in November and December were revised upward. The markets closed sharply higher with the Dow jumping 149 points to 14,009. Nasdaq soared 36 points to 3179.  

On the upside

Shares of animal medicine company Zoetis (NYSE: ZTS) surged in its market debut.

PMC-Sierra (Nasdaq: PMCS) reported lower fourth quarter earnings but the results were better than expected.

Otelco (Nasdaq: OTT) amended and extended the terms of its senior financing.

On the downside

Profit taking sank shares of Keryx Biopharmaceuticals (Nasdaq: KERX).
 
Brightcove (Nasdaq: BCOV) narrowed fourth quarter losses more than expected but the company forecast current quarter results below analyst expectations prompting a downgrade.

Emulex (NYSE: ELX) disappointed with sharply lower second quarter earnings as revenue fell and the data storage equipment maker forecast current quarter results that missed analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index climbed 15 points to 1513.

An unexpected increase in January consumer sentiment sent the markets soaring to a sharply higher open with the Dow leaping 135 points to 13,995. Nasdaq climbed 24 points to 3166.  

On the upside

Rite Aid (NYSE: RAD) reported a 0.3% increase in same store sales in January due to flu related purchases.

Ctrip International (Nasdaq: CTRP) reported lower fourth quarter earnings but the results surpassed expectations prompting an upgrade.

Shares of Celsion (Nasdaq: CLSN) continued falling after reporting yesterday that treating liver cancer patients with ThermoDox failed a Phase III HEAT study.

On the downside

Echo Therapeutics (Nasdaq: ECTE) priced its public offering of approximately 13.33 million shares of common stock at the discounted price of $0.75 per share.
 
Life Time Fitness (NYSE: LTM) reported preliminary fourth quarter results that fell short of analyst expectations and forecast 2013 results below estimates.

Tellabs (Nasdaq: TLAB) widened fourth quarter losses and forecast current quarter revenue below expectations.

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 index gained 12 points to 1510.

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